State of the City: 2010Challenges for the local

economy22.06.10

I agree with Dave... for the moment!

UK Government debt

£bn

Year

£1.4 trillion

Population

253,8002007/08 source ONS

Popularity and sex!

+3,600

+3,3002,600

Manchester, Leeds, Bristol

The Workforce

142,800economically active people

Local economy

About a

thirdAbout a

fifth

About a

third About a

tenth

1,600

Hospitality [hotels, restaurants, retail]

30,0

00

Tourism could prosper in 2010

£/Euro minus27%

100,000 Foreign students

Retail Casualties

Retail sales - %age change on previous year

June July Aug Sept Oct Nov Dec Jan Feb Mar Apl May

-2

-1

0

1

2

3

4

5

6

7

Brighton

National

Average earnings – slowing down

Year

%

ch

an

ge

Housing recovery – how long?

Year – red line

Year – blue line

Pri

ce a

t re

cess

ion

sta

rt

= 1

00

VAT

20% from Jan 2011

Public Sector

25%

cut over

4 years

41,00

0

Council finances

£45m cut over 3 years

£8m 2011/12; savings gap

£5m 2012/13 ; savings gap

Business & financial services

42,00

0

Creative Industries

15,00

0

Gaming is big business

“Brighton has the potential to compete on a global scale with the world’s key gaming centres like Tokyo and Montreal” Editor. Develop Magazine

$55bnby 2012

4.7m copies£186m

The next, next big thing?

E learning

Barrier to growth - dated office stock

International House. Conway Street. Hove

Shelved, delayed or stalled

Ice Arena. Black Rock

Outer Harbour. Marina

Brighton Eye 360. West PierInner Harbour. Marina

?

Refurbishment

New England House. New England St Queensbury House. Queens Rd

American Express

335,000 sq feet / 31,000 sq metres

Land... they’re not making it any more

Top 10 sites = 150 hectares

Olympic site - 200 hectares

Earnings/worker [£/week : median]

B&H East Sussex

West Sussex

400420440460480500520540560580600

Res-idents

UK

SE

SE

Productivity/head

UK SE

B&H

Ports

mou

th

S'ham

pton

Brist

ol10 000

12 000

14 000

16 000

18 000

20 000

22 000

24 000

£

Current unemployment

6,800

27,910

B&H 3.9%

UK 3.9%

SE 2.8%

ES 3.4%

WS 2.7%

Source NOMIS: May 2010

To put that into perspective

More jobs needed

8,000

16,000

Good news....... private sector jobs

20,100between 1998 and 2008

Source: Centre for Cities

Housing costs Q1. 2010

£168,000

£182,700 in 2007

£38,776 salary

£53,400 in 2007

£42,000

Workforce Skills

41%

36%

35%

34%

28%

Degree level

UK 29%SE 31%

21%

Transport

and the Future . . . . .

Consumer spending

Government Spending

InvestmentNet exports

The 4 elements of GDP

The End.......but I hope not literally!

Site complications

NVQ 2+

UK 64.5%SE 68%

73%

75%

73%

76%

65%

45%

Office space

Telecom HouseAnston House

149 Preston Rd

153 Preston RdInternational Hse

Montefiore Hse

468,000 m2